ProShares UltraPro Short QQQ (NASDAQ:SQQQ) Sees Large Volume Increase – Here’s Why

Posted by Linda Flegge on Apr 10th, 2025

ProShares UltraPro Short QQQ (NASDAQ:SQQQ – Get Free Report) shares saw strong trading volume on Thursday . 56,821,514 shares changed hands during mid-day trading, an increase of 24% from the previous session’s volume of 45,709,933 shares.The stock last traded at $37.46 and had previously closed at $34.28.

ProShares UltraPro Short QQQ Stock Up 17.6 %

The company has a 50-day simple moving average of $34.41 and a 200 day simple moving average of $33.26.

ProShares UltraPro Short QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Wednesday, March 26th were given a dividend of $0.4823 per share. This represents a $1.93 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date was Wednesday, March 26th.

Institutional Trading of ProShares UltraPro Short QQQ

A number of hedge funds have recently bought and sold shares of the stock. Parallel Advisors LLC acquired a new position in shares of ProShares UltraPro Short QQQ during the first quarter valued at about $27,000. Peoples Bank KS bought a new position in ProShares UltraPro Short QQQ during the fourth quarter valued at about $62,000. Centerpoint Advisors LLC raised its holdings in ProShares UltraPro Short QQQ by 20.0% in the 4th quarter. Centerpoint Advisors LLC now owns 6,000 shares of the company’s stock valued at $187,000 after acquiring an additional 1,000 shares in the last quarter. Foundations Investment Advisors LLC bought a new stake in shares of ProShares UltraPro Short QQQ in the 4th quarter worth approximately $360,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of ProShares UltraPro Short QQQ during the 4th quarter worth approximately $423,000.

ProShares UltraPro Short QQQ Company Profile

(Get Free Report)

ProShares UltraPro Short QQQ (the Fund) seeks daily investment results, which corresponds to three times the inverse of the daily performance of the NASDAQ-100 Index (the Index). The Index includes 100 of the non-financial domestic and international issues listed on National Association of Securities Dealers Automated Quotation (NASDAQ) Stock Market.